Renewal Threshold definition

Renewal Threshold shall have the meaning assigned to such term in Paragraph 2.1 hereof.
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Renewal Threshold means Sixty Million Dollars ($60,000,000.00) of Net Sales during the twelve (12) month period ended September 30, 2015 with respect to Renewal Term 1, and Seventy-Two Million Dollars ($72,000,000.00) of Net Sales during the twelve (12) month period ended September 30, 2020 with respect to Renewal Term 2.
Sample 1

Examples of Renewal Threshold in a sentence

  • The HUD Renewal Threshold Requirements tool is used for this process, as well as integrated into the Project Rating Tool (Appendix D).

  • If Licensee otherwise effectively renews this Agreement but Net Sales during the last Annual Period of the initial term are less than the Renewal Threshold, unless the Company waives the shortfall, the renewal shall be ineffective and this Agreement forthwith shall terminate.

  • During the AOL Renewal Term, MP shall pay to AOL an amount equal to [XXXXXXXXX XXXXXXXX] of Transaction Revenues until such time as MP Revenues shall equal a sum total of [XXXXX XXXX XXXXXXX XXXXX XXXXXXXXXX] (the "AOL Renewal Threshold").

  • During the AOL Renewal Term, from and after the AOL Renewal Threshold has been met, MP shall pay to AOL an amount equal to [XXXX XXXXXXXX] of aggregate Transaction Revenues.

  • The HUD Project Renewal Threshold may be found in the HUD NOFO for FY 2023 CoC Competition, Section III.

  • If WSL has not reached the Renewal Threshold by the expiration of the Initial Term, but has provided twelve months written notice to Rawlings of its intention to renew this Agreement and has not breached a material term of the Agreement, the parties will negotiate to reach mutually acceptable Renewal Term provisions.

  • If NantHealth meets the applicable Renewal Threshold set forth below for the Initial Term, NantHealth may, at its option, renew this Agreement (with exclusivity under Section 2.2) for an additional three (3) years ( i.e., through December 31, 2023) by providing NantOmics with written notice of its election to renew at least ninety (90) days prior to the end of the Initial Term (the “Initial Exclusive Renewal Term”).

  • If the sale of Products by Xxxxxxx does not meet the Automatic Renewal Threshold, the parties may agree to extend the Agreement on mutually acceptable terms and conditions.

  • Guidance on Implementing Renewal Threshold and Framework Roll-Up Recommendations:To assist in implementing these recommendations, NACSA suggests that PEC develop a process to establish annual performance ratings and cumulative performance ratings.

  • Additionally, HUD reserves the right to withdraw funds if no APR is submitted on the prior grant.d. Project Renewal Threshold.

Related to Renewal Threshold

  • Alteration Threshold means, with respect to each Individual Property, five percent (5%) of the original Allocated Loan Amount (as defined in the Mortgage Loan Agreement) of such Individual Property.

  • Restoration Threshold means with respect to each Individual Property, five percent (5%) of the original Allocated Loan Amount of such Individual Property.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $110,000,000.00.

  • Ownership Threshold means, with respect to any Person, Beneficial Ownership of the GREATER of (A) 15% of the Common Shares at any time outstanding or (B) the percentage of the outstanding Common Shares Beneficially Owned by such Person on the date of this Rights Agreement, plus in the case of this clause (B) 1% of the Common Shares outstanding on such date.

  • Indemnity Threshold has the meaning set forth in Section 9.3.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Threshold means, with respect to Party B and any Valuation Date, infinity.

  • Accelerated Purchase Minimum Price Threshold means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, any minimum per share price threshold set forth in the applicable Accelerated Purchase Notice.

  • Threshold Percentage means 15%.

  • Minimum Acceptable Price with respect to any Put Notice Date shall mean seventy-five percent (75%) of the lowest closing bid prices for the ten (10) Trading Day period immediately preceding such Put Notice Date.

  • Indemnification Threshold has the meaning set forth in Section 11.5.

  • Threshold Period shall have the meaning set forth in Section 6(d).

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Five Percent Owner means an Employee who, with respect to a Participating Company, is described in section 423(b)(3) of the Code.

  • Approved Ratings Threshold means each of the S&P Approved Ratings Threshold and the Moody’s First Trigger Ratings Threshold.